December 13, 2017

Okorocha presents N190bn budget for 2018


Chief Rochas Okorocha

By Chinonso Alozie, Owerri
Imo state Governor, Rochas Okorocha, Wednesday, presented it 2018 budget, at the State House of Assembly to the tune of N190, 921, 464, 290.

Chief Rochas Okorocha

The budget was tagged budget of Consolidation and Continuity.

While breaking down the 2018 budget, of One Hundred and Ninety Billion, Nine Hundred and Twenty-One Million, Four Hundred and Sixty-Four Thousand, Two Hundred and Ninety Naira.

The governor said: “The 2018 budget is higher than that of 2017 of N131, 143, 144, 277, by N59, 778, 320, 013 representing 45.58%.

He added that “Out of the 2018 budget, N132.98 billion is for Capital expenditure representing 69.70% of the total budget while N57.943 billion is for recurrent expenditure which represents 30.30% of the total budget.

“And that the budget for works and Transport has the bulk allocation with N39,811,300,000 and followed by education with N13,500,000,000. Agriculture and Environment has N7,622,990,049, while the least is culture with N440,244,096.

“The total revenue for the 2018 proposed budget size, is N190, 921,464, 290, while for General Administration, N31,786,244, 000 (23.9%), and for government counterpart contribution, N12,254,000,000 (9.2%).”